Freedom Mortgage makes it easy to request a payoff statement and pay off your loan. If you make the request through your online account or mobile app, we can frequently generate a payoff quote for you in as little as 30 minutes!
How to request a payoff statement online
You can request a payoff statement online 24 hours a day, seven days a week. To request a statement from Freedom Mortgage, log into your account or mobile app. Then follow these steps:
- Select "Make A Request" from the navigation menu
- Select "Payoff Quote" from the drop-down list
- Choose the reason for the payoff request from the drop-down list of choices
- Choose a payoff (good-through) date
- Click "Submit"
Your statement will include your payoff amount as well as details about your unpaid principal balance, accrued interest, escrow advances or credits you may have, and other funds, fees, and charges.
Please note a payoff fee may be charged to your account depending on the state in which you live. Also note that the payoff date for FHA loans may default to the end of the month. For these loans, you will not be able to select your payoff date.
Where to find a payoff statement online
You can follow these steps to view your payoff statement online. Log into your Freedom Mortgage account. Select "Statement" from the navigation menu. Select "Payoff Request" from the drop-down list. Select the desired payoff statement.
Other ways to request a payoff statement
You can request a payoff statement by calling our Customer Care representatives at 855-690-5900. We can help you Monday to Friday from 8 am to 8 pm, and Saturday from 9 am to 2 pm Eastern Time.
You can fax a request to 877-233-5843 or mail a request to P.O. Box 50485, Indianapolis, IN 46250-0401.
Note that we are not able to send a payoff statement to a third party without your authorization. Please make sure you include third-party authorization in your request. You can send your payoff request along with your authorization via email to Freedompayoffrequest@freedommortgage.com.
How to pay off your Freedom Mortgage loan
You need to pay off your Freedom Mortgage loan with certified funds such as a certified check or a wire transfer. You cannot use uncertified funds such as a personal check to pay off your loan.
To pay off your loan with a certified check, mail your payment to the address below. Please include the names of all borrowers on the loan as well as your Freedom Mortgage Loan Number with your payment:
Freedom Mortgage Corporation
ATTN: Payoff Department
10500 Kincaid Drive, Suite 111
Fishers, Indiana 46037-9764
To pay off your loan with a wire transfer, use the payment information below. Please include the names of all borrowers on the loan as well as your Freedom Mortgage Loan Number:
Freedom Mortgage Corporation
Reference: Payoff/Payment Department
KeyBank, 127 Public Square, Cleveland OH
Bank Account: 359681378402
Freedom Mortgage Loan Number:
Note that wire transfer funds must be received by 4:00 pm Eastern Standard Time to be credited the same day. Wire transfers received after 4:00 pm will be processed on the next business day.
Once we have applied your payoff funds, we will send you a letter confirming that your loan has been paid in full. This letter will also explain the final steps of the payoff process.
Do I need to cancel my automatic payments?
Yes, you will need to cancel any automatic payments you set up in your Freedom Mortgage account. Note that our payment systems typically begin to process automatic payments 72 hours before the scheduled payment date.
This means if you are planning to pay off your loan before your next monthly mortgage payment is due, you’ll want to cancel your automatic payments at least 72 hours before the scheduled payment date.
If you make an automatic payment before you pay off your loan, any overpayment amount will be placed in your escrow account and returned to you. If you make an automatic payment after you pay off your loan, we will help you complete the return payment procedure.
Will you have an escrow account after you pay off your loan?
No. You will not have a Freedom Mortgage escrow account once you pay off your loan. If you are paying your property taxes and homeowners insurance through an escrow account, please contact your taxing authority and insurance company to make sure your new lender receives your billing information.
What happens when you have extra money in your escrow account?
We will return any money you may have left in your escrow account. We typically return extra escrow money within 14 business days from the date you paid off your loan.